TrumanAnnouncesNew Signed Agreements with Marriott International to Bring Three Iconic Brands to Calgary
Marriott International (NYSE:MAR) has announced plans to open three new hotels in Calgary through a partnership with Truman and Louson. The development includes W Calgary (157 rooms, opening 2029), JW Marriott Calgary (248 rooms, opening 2030), and an Autograph Collection Hotel (320 rooms, opening 2028) at Stampede Park.
The $1.47 billion private investment will deliver over 700 premium hotel rooms and 360 branded residences in Calgary's Culture + Entertainment District. The project is expected to create 9,100 construction jobs and 2,000 permanent positions, generating $120 million in annual GDP from hotel operations and $111 million from visitor spending.
Marriott International (NYSE:MAR) ha annunciato l'apertura di tre nuovi hotel a Calgary in collaborazione con Truman e Louson. Il progetto comprende il W Calgary (157 camere, apertura prevista per il 2029), il JW Marriott Calgary (248 camere, apertura nel 2030) e un Autograph Collection Hotel (320 camere, apertura nel 2028) presso Stampede Park.
L'investimento privato da 1,47 miliardi di dollari porterà oltre 700 camere d'hotel di alta qualità e 360 residenze di marca nel Distretto Cultura + Intrattenimento di Calgary. Si prevede che il progetto creerà 9.100 posti di lavoro nel settore delle costruzioni e 2.000 posti di lavoro stabili, generando 120 milioni di dollari di PIL annuo dalle attività alberghiere e 111 milioni di dollari dalla spesa dei visitatori.
Marriott International (NYSE:MAR) ha anunciado planes para abrir tres nuevos hoteles en Calgary en asociación con Truman y Louson. El desarrollo incluye el W Calgary (157 habitaciones, apertura en 2029), el JW Marriott Calgary (248 habitaciones, apertura en 2030) y un Autograph Collection Hotel (320 habitaciones, apertura en 2028) en Stampede Park.
La inversión privada de 1.470 millones de dólares ofrecerá más de 700 habitaciones premium y 360 residencias de marca en el Distrito de Cultura + Entretenimiento de Calgary. Se espera que el proyecto genere 9,100 empleos en construcción y 2,000 puestos permanentes, produciendo 120 millones de dólares anuales en PIB por operaciones hoteleras y 111 millones por gasto de visitantes.
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Marriott International (NYSE:MAR) a annoncé son intention d'ouvrir trois nouveaux hôtels à Calgary en partenariat avec Truman et Louson. Le projet comprend le W Calgary (157 chambres, ouverture prévue en 2029), le JW Marriott Calgary (248 chambres, ouverture en 2030) et un Autograph Collection Hotel (320 chambres, ouverture en 2028) au Stampede Park.
L'investissement privé de 1,47 milliard de dollars permettra d'offrir plus de 700 chambres d'hôtel haut de gamme et 360 résidences de marque dans le district Culture + Divertissement de Calgary. Le projet devrait créer 9 100 emplois dans la construction et 2 000 postes permanents, générant 120 millions de dollars de PIB annuel issus des opérations hôtelières et 111 millions de dollars des dépenses des visiteurs.
Marriott International (NYSE:MAR) hat Pläne angekündigt, in Calgary in Partnerschaft mit Truman und Louson drei neue Hotels zu eröffnen. Die Entwicklung umfasst das W Calgary (157 Zimmer, Eröffnung 2029), das JW Marriott Calgary (248 Zimmer, Eröffnung 2030) und ein Autograph Collection Hotel (320 Zimmer, Eröffnung 2028) im Stampede Park.
Die 1,47 Milliarden US-Dollar private Investition wird über 700 Premium-Hotelzimmer und 360 Markenresidenzen im Kultur- und Unterhaltungsviertel von Calgary schaffen. Das Projekt wird voraussichtlich 9.100 Arbeitsplätze im Bauwesen und 2.000 dauerhafte Stellen schaffen und jährlich 120 Millionen US-Dollar zum BIP aus Hotelbetrieb sowie 111 Millionen US-Dollar durch Besucherausgaben generieren.
- Major $1.47 billion private investment in Calgary's hospitality sector
- Project expected to generate $120M annual GDP from operations and $111M from visitor spending
- Creation of 9,100 construction jobs and 2,000 permanent positions
- Addition of over 700 premium hotel rooms and 360 branded residences to support convention center
- Strategic location in growing Culture + Entertainment District supporting BMO Centre expansion
- Extended completion timeline with hotels opening between 2028-2030
- Significant capital investment required in challenging economic environment
Insights
Marriott's strategic Calgary expansion with three luxury brands strengthens its Canadian portfolio and creates significant long-term revenue potential.
This expansion represents a significant strategic move for Marriott International, marking its first luxury hotel presence in Calgary with the introduction of W Hotels, JW Marriott, and Autograph Collection brands. The development will add over 700 premium rooms to Marriott's inventory in a single market, substantially strengthening its Canadian footprint.
The staggered opening timeline (2028-2030) creates a measured growth runway, allowing Marriott to gradually increase its market share in Western Canada's luxury segment without cannibalizing existing properties. The mixed-use approach with nearly 360 branded residences is particularly noteworthy, as it provides Marriott with diversified revenue streams through management fees, while reducing operational volatility typically associated with traditional hotel-only models.
What's most compelling is the strategic location within Calgary's developing Culture + Entertainment District, adjacent to key demand drivers like the expanded BMO Centre and the future Scotia Place event center. This positions Marriott to capture high-value business and leisure travelers in an emerging urban hub. The projected $120 million annual GDP contribution from operations signals substantial recurring revenue potential for Marriott, particularly valuable in the company's asset-light strategy focused on management and franchise fees.
The partnership with local developers Truman and Louson provides Marriott with valuable regional expertise and shared development costs, reflecting the company's efficient capital allocation approach to expansion. This calculated entry into a growing secondary North American market aligns perfectly with Marriott's post-pandemic strategy of pursuing luxury growth opportunities in diverse geographic regions while maintaining its asset-light business model.
Marking Marriott's first luxury hotel and residential offerings in
°ä´¡³¢³Ò´¡¸é³Û,Ìý´¡µþ, July 2, 2025 /PRNewswire/ -- Truman and Marriott International, Inc. announced today plans to open three hotels in
The development of the Autograph Collection,
"We are incredibly excited to announce our newest hotel development right here in our hometown of
Truman brings a uniquely grounded perspective and vested interest in the city's long-term success. With the company's longstanding history of delivering high-quality residential, commercial, and mixed-use projects across the region for over 40 years, the development will be guided by a team that intimately understands
"As Marriott continues to expand our hospitality options in
Bringing W Hotels signature bold and creative energy to the city, the 69-story
The 62-story JW Marriott Calgary is set to offer 248 guestrooms and 120 branded residences, each meticulously designed to embody the brand's world-class approach to well-being and luxury hospitality. Guests and residents will enjoy 32,500 sq. feet of meeting space, an indoor and outdoor pool, the brand's signature JW Market, a tranquil JW Garden, a curated retail area, and more.
This builds upon Truman's recently announced partnership with Calgary Stampede to deliver a 320-key hotel on Stampede Park, which will officially operate under Autograph Collection Hotels. With an official name to be announced at a later date, the full-service property will be reflective of the premium lifestyle brand's clear vision that makes each property individual, special, and 'Exactly Like Nothing Else,' and is planned to include 320 guestrooms and 15,000 square feet of meeting and event space. Within 14,000 square feet of food and beverage offerings, guests will enjoy several restaurants, a lobby bar, coffee shop, and a rooftop lounge with views of downtown, plus a south-facing leisure terrace with a pool, jacuzzi and an outdoor bar, and an indoor swimming pool and fitness club.
As stewards of the Rivers District Master Plan, Calgary Municipal Land Corporation (CMLC) has been leading the redevelopment of the district for the past seven years, transforming the landscape of this dynamic downtown neighbourhood.
"Our shared vision for The Culture + Entertainment District as a vibrant, mixed-use neighbourhood is coming to life, with more than
"We are thrilled to work with Marriott on the Autograph Collection Hotel on Stampede Park," adds Joel Cowley, CEO of the Calgary Stampede. "With the growing demand for meetings and conventions at the expanded BMO Centre and across
Together, these projects are set to deliver more than 700 premium and luxury hotel rooms and nearly 360 branded residences in
Annually, Truman expects the development will contribute over
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About Truman
For over 40 years, Truman has proudly and persistently worked to build a better
About Louson Investments
For over 80 years, Louson has played a key role in shaping communities through the thoughtful acquisition, development, and management of real estate. With a strong foundation in
About Marriott International
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